Our Excessive Population Growth

The World's population is booming and its not because we are having more babies. It is because less of us are dying, when we should. We currently have 6.7 Billion people and the United Nations predicts that by 2025 we will exceed 8 Billion and by 2050 we will exceed 9 Billion. This excessive growth will be detrimental to mankind as the demand surpasses the supply for the worlds resources. In effect by 2050 there simply won't be enough h2o, food and fresh air to go around.

Goldman Sachs

The US Senate and various customers are running inquiries into Goldman Sachs conduct, with regard to their design and sale of certain securitised asset products. In 2007, Goldman Sachs designed mortgage backed securities that they knew would fail and then they bet on their collapse by purchasing credit default swaps, which pay out upon a default. In Australia this type of conduct may contravene the insider trading provisions of the Corporations Act and those responsible would invariably be held liable for hefty penalties including Gaol.

Hu Stern to be Gaoled for 10 years

The Shanghai Court has sentenced Hu Stern to 10 years imprisonment for allegedly stealing trade secrets and accepting bribes.

The Global Financial Housing Crisis

The next big financial crisis to cause havoc with the Australian Economy could be sparked by a Domestic Housing Crisis. The Australian Property Market has been unfaltering since the early 1980's increasing by more than 250% and all growth with no pitfalls is unsustainable in any market. The normal market principles here are flawed because property ownership demands huge prices, which limits new buyers from entering the market, which will inevitably result in an oversupply, unless there is a serious price correction.

Please refer to the graph below to see what happened to the property market in the US, it is reasonably foreseeable that a similar market correction might occur in Australia.

Australia's Property Market is geared to fail because the current demand, is sustained by debt and the willingness of purchasers to borrow more and more debt to pay for property. This market does not correspond with increased returns on rent or even substantially increased incomes, this market has been stimulated by fear tactics, misrepresentations and deceptions represented by real estate Agents to venders and purchasers. The only reason that this market misrepresentation is tolerated to the detriment of consumers, is because Australia's State Governments earn far too much of their revenue from Capital Gains Tax to risk any price correction to the property market.

Stern Hu v The Peoples Republic of China

Sterm Hu, the Rio Tinto Executive and Australian citizen who was arrested by Chinese Police, last year and has been detained for 9 months, is facing his first day of Trial this morning. The Chinese authorities charged Stern Hu, just after the Chinese Government failed in their takeover attempt for Rio Tinto. The Chinese Authorites allege that Stern Hu has "stollen business secrets" and has been a "recipient to bribes". He is facing up to 12 years imprisonment. Stern Hu's trial began this morning and is proving to be a most untransparent process. Due to the fact that the media has already been warned by Chinese authorities not to cover the trial, and Australian consular officials have been barred from taking part. The only upside to this great injustice is that China's unsavoury approach to the Judicial Process will be put up on a pedistoll for all of the World to see and it shall prove to the world once and foreall that no company is big enough and no Western National is shrewed enough to avoid the Great Tenticles of China.

The GFC proves nothing more than a bump in the road over the last 36 years

The Dow Jones - Monthly Bar Chart from 1974 to 2010.

THE TEN SECOND NEWS – MINUS THE BULL SHIT.- 16 March, 2010

WORLD EVENTS

US HEALTH CARE BILL PASSES CONGRESS: Obama's 2,700 page healthcare bill finally passed US Congress and it will offer 30 million more Americans with health insurance than are insured today. The Federal Government will immediately sponsor 5 Billion dollars in healthcare insurance.

RIOTS IN THAILAND: Thousands of supporters of Thai Premier Shinawatra protest in Bangkok demanding the Thai government to step down. Riot police and soldiers were deployed outside government offices. The Thai Prime Minister rejects protesters demands for his resignation.

FRANCES ECONOMIC ADVICE TO GERMANY: Frances Finance Minister Chritine Largarde has warned Germany that its trade surpluses are unsustainable because they are built upon low labour costs.

THE CHINESE YUAN: Chinese Premier Wen Jiabao claims that the “The Chinese Yuan is not undervalued”. He further said that “if you restrict trade with China, you are hurting your own countries’ firms”.

THE ARMS BUILD UP IN SOUTH EAST ASIA: China’s increased power has caused its neighbours to increase their spending on defence.

US - ISRAEL RELATIONS AT LOWEST POINT SINCE 1975: US ties with Israel have sunk to 35 year low, over Israel's announcement to settle a further 1,600 homes for Jewish Israelis in East Jerusalem.

INDIA'S INFLATION HITS 9.9%: India's inflation hits 9.9% in February, driven by inflation in food prices, adding to pressure on policymakers to continue unwinding stimulus measures.